WASHINGTON: US Secretary of State Marco Rubio has stressed that the Strait of Hormuz “must remain open by any means possible” amid ongoing diplomatic efforts related to tensions with Iran. According to international media reports, Rubio made the remarks while discussing the status of negotiations linked to a possible agreement with Iran. He said talks […]
global oil trade
Iran outlines alternate routes amid Strait of Hormuz truce
Iran has announced alternative maritime routes for vessels transiting the strategically vital Strait of Hormuz, citing safety concerns over possible sea mines in the main channel. Read More: Strait of Hormuz: key oil route in middle of US-Iran crisis The move comes as part of a temporary two-week ceasefire agreement aimed at easing tensions and restoring limited shipping […]
Shipping activity resume transit through Hormuz after ceasefire
Shipping activity has resume in the Strait of Hormuz following a ceasefire agreement between the United States and Iran, signalling an easing of tensions in a key global energy corridor. Read More: Ceasefire agreement: Iran, Oman to impose tax on ships passing through the Strait of Hormuz, says US media According to maritime tracking data, at […]
US intelligence assessments suggest Iran unlikely to reopen Hormuz strait soon
WASHINGTON: Recent US intelligence assessments suggest that Iran is unlikely to reopen the Strait of Hormuz in the near future, as it continues to use its strategic position over the vital waterway as leverage against the United States. Read More: US to leave Iran ‘pretty quickly’ and return if needed: Trump According to sources familiar with the reports, […]
Hormuz toll plan raises global energy concerns
Iranian state media has reported that a parliamentary commission has approved a proposal plan to impose toll on vessels passing through the Strait of Hormuz, a critical global energy shipping route for oil and gas. The move comes amid ongoing conflict in the Middle East, which has already severely disrupted maritime traffic in the region. […]
Strait of Hormuz closure disrupts global shipping and trade
The Strait of Hormuz, a critical chokepoint for global oil and gas, is facing unprecedented disruption as regional conflict intensifies in the Gulf. Roughly 20 percent of the world’s seaborne oil passes through the strait, making it vital to energy markets, while container traffic to major ports like Dubai’s Jebel Ali also depends heavily on […]